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've spent a good deal of your career working on, mr. hall, has been the improvement of the american economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican
economy. and correspondent steve brown kicks off our coverage tonight. >> and on thanksgiving thursday to be first in the doors at midnight on plaque friday. >> and the unofficial start of the holiday shopping season. >> we have our route. >> and toys "r" us, target, home goods. >> kohl's, breakfast. >> black friday is definitely the kickoff to the playoffs for us, if you think of it as a sporting event and it's a big day, we always want to come out really showing our guests what we have here and have a great start to the playoffs, yeah. >> and with retail sales a huge factor in the not steady u.s. economy, the shopping is encouraging. >> we expect sales to rise 4% this year, a little lower than last year, but you know, we think we really believe that consumers are feeling a lot more confident this year. >>, but for all the folks battling the black friday crowds, do they get the best prices. >> sometimes i think you can get a better deal other times, black friday is kind after gimmicky things. up to a third of the door busters items today were cheaper earlier in the year and as far as
that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments quickly caught fire. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic situation is different. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that the only thing i'm monitoring is the oath that i take when i serve when i'm sworn in this january. >> reporter: gop lawmakers bluntly stating to alert the fiscal cliff, they're ready to break from grover norquist and the pledge he's got most republicans to sign to never raise taxes. norquist waste nod time hitting back on cnn's s"starting point" >> it doesn't pass the laugh test. if you want to go to your voters and say, i promised you this and i'm breaking that problem, you can have that conversation with them. but you don't have an argument with me. you've made a c
is to talk about the economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government less. >> unfortunately, we're out of time to want to thank you all for coming today. please join me in thanking our panelists for this terrific presentation. [applause] [inaudible conversations] >> tonight in primetime we get a closer look at the presidential election. we have from president obama's former campaign manager and republican strategist steve smith. that's and university of delaware and starts at 8 p.m. eastern. here on c-span2, author mark friedman talks about how more baby boomers are entering into a second careers. he's the author of the big shi shift. that's also at 8 p
different elements of our economy deal with d.h.s. with support of others coming up with what would be best business practices and then if those best business practices were adopted by those within that element of the economy, they would get liability protection, liability immunity. now, some say, wait a second. that leads to a slippery slope that the government will come in and crash in on you. i don't know the perfect answer but i can trying for the lightest regulatory approach we could have. and those worried about the federal government coming in heavy-handed are truly concerned about that, they ought to think about this. if we have a successful cyberattack against a part of our critical infrastructure, my fear is that congress and whoever's present at the time will overreact because the public will require it. wouldn't it be better for us to anticipate it? wouldn't it be better for us to get ahead of the crises and then have a means by which we defend against it? we know we're not ever going to be totally 100% successful. so when it happens to diminish the impact on whatever critical i
assess what makes consumers spend, and what impact all those purchases have on the economy. >> brown: we have two stories about continuing unrest in the middle east, beginning with the political crisis in egypt. >> suarez: then, in her final report from turkey, margaret warner looks at the growing clout of syria's kurdish minority, and the impact that's having on the other side of the border. >> brown: when does a co-worker count as a supervisor? that question was before the supreme court today in a case about harassment. marcia coyle explains. >> suarez: and we examine new figures from the pew research center showing that young voters played a decisive role reelecting president obama. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. an
on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether
. >> it is doing it now with china and japan. you have to of the biggest economies in the world in a nightmare situation that raises the fundamental question and up in in this myth that economics draws people together. part of the title today is "mischief or miscalculation?" during the cold war, you could have 17 different spheres of contact with the soviets and it two blew up, you could still have 15 others. there was a lot of heavy investment in figuring out how to court made, communicate, due to escalation and talk if things got bad. in this era, when i look at the amount of time -- the obama administration more so than the bush administration, when officials meet throughout the region, and the discussion attempt to correlate with china, there seems to be a lot of effort to try to coordinate. jim steinberg was the fourth member of this panel, looking at the island dispute and said, they were shocked and surprised by the level of miscommunication, miss assessment, and the dangers of that between china and japan. it raises the question of whether or not -- i agree. i know china wants respect
. energy is the lifeblood of a thriving economy and society. our future in energy provides the opportunity to significantly assist us in exiting our economic difficulties with jobs and new opportunities in abundance. we need reliable, affordable, and environmentally responsible in terms of supply. i say it is an important day because i believe we find ourselves at a unique point in history at the confluence of urgency and opportunity to them that we should make no mistake about it. -- and opportunity. we should make no mistake about it. if you examine the national intelligence council's global trends 2025 report, you'll find the word "energy" is one of the most repeated factors driving global security over the next 10 to 15 years. this means that achieving well conceived long term objectives depends on visionary action. the defining feature is about being pro-active. not reactive. this demands a sense of urgency and collegiality among the global community them back for the u.s., the united states, it is another critical challenge for our leadership responsibilities the world over. the prop
and then they looked at taxes, the economy, jobs, and they went to the president. >> what is an emerging trend in technology or how people consumer information that will have implications for 2014? the leading edge? >> that is a good question. the prevalence of people getting their information online has exploded. you look as swing voters and how little they are watching tv, we all had three places you got your news from. now they get their nightly news from 15 sources. jon stewart is an important moment from that. if you are a democratic-leaning woman, you love rachel maddow. getting to those people is harder. they are way more online than anyone. you have to go to where they are. campaigns will spend more and more of their money online than ever before. until it reaches parity with television. >> and you think television will still be big in 2016. >> it is going to be the dominant media but online is going to catch up very quickly. i think it already is catching up for young voters who are looking -- >> within a couple cycles? >> no question. i think the next election is going to have to dec
breaking this pledge? >> let's distinguish with what boehner have said. i certainly agree, if the economy grew at 4% instead of 2% for the next decade, the federal government would net an additional $5 trillion. you could pay all of obama's death down. connell: that is not what he is talking about. >> okay. i am sorry. what he said is what i said. what obama claims he said is a separate matter. boehner was very clear. obama said, oh, you have agreed to tax increases. the talks collapsed because obama misstated. connell: what you say to republicans who are thinking about breaking the pledge? >> look, most republicans have signed the pledge. even the ones who have not have made it very clear even when they ran for office, higher taxes have hurt the economy. they have spent too much money. the entitlements are looking to break the economy. we need to spend less. raising taxes to get the politicians more money to continue spending, does not solve any problems. connell: i know you think this is the narratives being pushed by the media and all of that, if they do break it, that does speak to yo
. it is is sapping the ability of the american economy to grow and it is topping -- zapping the ability of the average american to rise. until we look at the major core issues that are making the u.s. more attractive to business, we will go back to the fiscal cliff discussion over and over again. unless we can get our economy really moving and growing in the long run, these will just occur over and over again. we identified eight areas, as you mentioned, where we find there is broad consensus where we believe these things would really move the needle in a reasonable time frame, two, three, four years. there is some real bipartisan support. the first is the need of a sustainable budget compromise. that is widely accepted by all. two, easing on highly skilled immigration now. yes, when a broader immigration reform, but this is one of the abilities to really move rapidly to inject skills and to the economy and fill jobs badly need to be filled to sustain our growth. it is not a long-term solution and there, but it is a critical step we can take now that would really move the needle. we hav
on skills, giving a big boost to their economies. it's not as if america doesn't need these people. american companies are struggling to fill 3.6 million job opening, many of them in science-related fields. meanwhile foreign students receive half of their doctorates in foreign fields and most all will head home after graduation. new york city mayor michael bloomberg calls it the single biggest problem facing the economy and argues that our current approach is national suicide. the good news is we may finally be on the road to a solution. immigration reform has been a taboo topic for the last few years as large and vocal voices within the republican party with considerable public support have blocked any mention of reform. the words they've wanted to hear are border fence and deportation. that's why mitt romney activated a policy of self-deportation during the prisonal campaign. that's why he lost the spanish vote and asian vote to president obama by a landslide. president obama seems emboldened and the republicans chasened. so we have an opening for a deal. what should it look like? >> well,
that a couple of years ago -- it harms the economy. we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points. hispanics by 44 points. young people by 23 points. does your party need to change, especially in its outreach to those groups on social issues like same-sex marriage and immigration reform? >> we have to have a bigger tent. no doubt about it. obviously we have to do immigration reform. there's no doubt whatsoever that the demographics are not on our side and we have to give a much more positive agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the contract with america th
, and they're not interested in raising taxes, they think it is a bad idea for the economy. the only way to have a stimulus to the private sector is to leave more money in the private sector. the other thing that folks in kentucky don't understand is that why is it a fiscal cliff to cut spending? most people in our state think we're spending too much money up here and we should cut spending. in fact, the majority of congress voted for this sequester. why was it a good idea a year ago and now it is not a good idea. >> on spending and spending cuts, you may have something in common with the president, which i want to get to. you mentioned the people in your great state of kentucky and, look, we know and we're all hoping they're out and about shopping, it is holiday season, and in terms of the timing with this -- with this deal, you know, hopefully getting done before january 1, a lot of people want to avoid the tax increase that will automatically happen as people are paying those holiday bills, right? >> here's my question. if it is bad to raise taxes on everyone, why is it good to raise
think there's a very serious damage done to the economy and to the world economy and the approaches bush took running up to this and that obama is put on steroids. this is in the middle of many problems to continue to not be ended. and the was a very big problem. to be much more serious about spending and it was in that way before. >> how do you fix? >> the house republicans already passed the budget that would work and pass the extension of the tax cuts they would work and you go in and have these conversations in front of the american people without about how romney is mean to dogs and causes cancer and actually talking about issues. and i think that is a debate that we need to have. we haven't had it, certainly didn't have it in this last election and we can have it now. it's very helpful. i think at the end of the day we will make the right decision partially because the democrats are terrified of the damage that obama has to drive them over and they wouldn't actually do that as obama threatened to throw us off a cliff year ago in august and didn't. >> we weren't going to get the neg
serious consequences for the entire economy. a lot of details here and they are coming up inside fox report. well, just hours remain in what is expected to be the biggest online shopping day ever. the research firm core score predicts americans will spend $1.5 billion online today alone this cyber monday. that's up 20% from last year. the national retail federation reports the average holiday shopper spent $423 this weekend in stores and online. total spending an estimated $59 billion. cheryl casone live from the fox business network with us tonight. cheryl, that's a big shot in the army for the economy. isn't it? >> it certainly is, shepard. we are seeing an allot of interest in online shopping today. initial numbers into fox business about how many people are out there spending this, today cyber monday. this is going to be already the biggest cyber monday ever when it comes to sales or revenues for the nation's he biggest retailers. number one amazon.com. number two wal-mart. 122 million people shopping today on web sites with the estimate looks like at this point we are going to b
and it is going to take all of us working together because it would damage this economy if we have this kind of huge tax increase. but our democratic colleagues, all they want to talk about is, more taxes, more taxes, more revenue. they will not telling us where the money is going? they're not assuring that the money will be used to pay down the debt like it is suggested. so we need to see those numbers, what they planned, before any discussion is appropriate it seems to me. martha: you know, i mean, does take it from both sides. if you look at the republican side, basically they want to see cuts in spending and real entitlement reform and perhaps revenue that comes from the relief of some loopholes that are out there so that, bob corker i know has suggested maybe there be a $50,000 cap on the amount of deductions you can take in your taxes. republicans want to get there that way, not by raising any rates, correct? does that stand steady, that thought? >> i think that's a lot, where a lot of our members are. if you can simplify the tax code. make it more flat, more like a flat tax. eliminate
which means fewer jobs and that can drag our entire economy down. now, the good news is, there's a better option. right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody's. and that means that 98% of americans and 97% of small businesses wouldn't see their income tacks go up by a single dime. 98% of americans, 97% of small businesses would not see their income tacks go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. so it's not like folks who make more than 250 aren't getting a tax break, too. they are getting a tax break on the first 250 just like everybody else. families and small businesses would, therefore, be able to enjoy some peace of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthiest americans to pay a little more so w
without concern for america's economy or standing in the world. we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests the taxpayers shouldn't keep turning every program they can dream up. let's take a look at the so-called thelma and louise democrats so he know who he's talking about. to say they are willing to go over the fiscal cliff, we have those who say they are not willing to support any reforms to entitlements. dick durbin says he would be willing to talk about it but only after a deal is struck. >> you have a difference of opinion in all political parties. i don't know many republicans who agree with mitch mcconnell. this is the guy who said his number one political goal was to get obama out of office. i think it's all positioning. you have got a bunch of democrats and mcconnell positioning themselves for negotiation. martha: tucker, what do you think? >> i think the republicans are being outnegotiated by an incredibly aggressive democratic party. they are demanding tax hikes on highest earner. an elevation in the debt limit which is
on in the distribution of the economy and china, conditions in russia. there are a number of problems anew environment. we have not developed a coherent approach because in the first term you learn your job. that is the challenge that the administration is facing. >> people look to the united states for leadership. they look to us because we have for so long been in a position where we've been able because of our resources and military strength, because of our values, we've been able to keep the peace. we have been able to make sure that enemies feared us and make sure allies could count on us. with we step back as we did during president obama's first term and i'm afraid we're going to do the next term ease back and you see when there a vacuum. people that don't share our interests diving into that vacuum. >> i traveled all over the middle east. every leader i talked to believe the united states is weak in leaving. they are having to accommodate to that eventuality. whether it be the saudis or you name the country they are accommodating to american weakness and withdrawal. that means that they accomm
to invest in the economy to grow it back up to where we got it now? i think there's some fundamentals here in place that the republicans just seem to push right aside and say you got to go to entitlements. if this country goes to entitlements and makes make changes t will be as if they won the election and democrats didn't. appreciate your time. >>> remember to answer tonight's question. share your thoughts on twitter. we want to know what you think. >>> coming up, the publicity tour to cut entitlements instead of their own welfare. e.j. dionne will join me. stay with us. a lot coming up. quicken loans p. quicken loans understood the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. >>> coming up, corporate ceos want the middle class to bare the burden for deficit reduction. i'll talk to e.j. dionne next. >>> fox news can't handle the truth when a journalist calls out the network for hyping the benghazi attack. he got cut off. >>> and democrats are beating republicans at their own game when it comes to super pacs.
president obama's deep cuts will have a deep effect to our economy. he used the word dwast stating. snowing this how could anyone support depleting another $1.8 billion from an already stretched budget? president obama's climate chief defended the green fleet by arguing even a dollar rise in gasoline prices would cost d.o.d. $30 billion. believe my good friend, the senator from colorado said essentially the same thing. i agree with that. if every $1 rise in gas prices cost $30 million, a $27 increase would add up to about $660 million so that argument falls completely flat in realizing the economic angle is a political hoozer the obama administration has tried to say it's about national security in getting off of foreign oil. that's where i want to get. i spent several years as chairman of the environment and public works committee and several years as the ranking member. all during that time people keep saying the one thing we all agree on is we need to be off of foreign oil. we need not to be dependent upon the middle east. and yet right now we know and no one is going to refute this fact
rates which guess what, worked pretty darn well for the economy when clinton was president. >> i was surprised that david plouffe would bring up the idea of the grand bargain in the lame duck session of the congress. i think it's about revenue. this is about the legislation that they put in place about to expire after it was extended in the last lame duck session of the congress two years ago. and that was a two for one. one year of unemployment extension for two years of the bush tax cuts to take us to where we are right now. it seems to me there's a little bit too much wiggle room on the part of the white house to start talking about a granted bargain and chipping away at medicare and medicaid when you don't have to. now, do you read it that way? >> absolutely. and remember, this congress is worse than the one that's coming in. we're going to have a strength in hand in the senate and the house is actually even going to be a little bit better with more democrats and 11 of the worst republicans lost their re-election. so i think you know, it's ridiculous to me that they should be
, that will impact the economy in a devastating way. that's why i don't think you see any republicans moving on that. jon: doug, what do you think about that? >> well the rates we're talking about raising they would go back to where they were under president clinton and during the '90s i think most people would agree we had a pretty strong economy. certainly stronger on that the one george bush and liz cheney's dad brought us. look at the end of the day, you know this is going, it will have to be balanced and to get to $4.4 trillion, that is the kind of target number that the president has put out there you can't just do it on spending cuts. i'm not sure if you can do it just on capping deductions. that is what these guys are paid big bucks for to figure out. sit at table, do the arithmetic, get a final deal. jon: we had 9/11 during the bush administration and that had huge impact on economy and wars after it. doug and ron, thank you both. we started a question about the discussion of grover norquist. he will be neil cavuto's guest on "your world" at four become eastern time. here what he has to say
by $600 billion, the largest one-year reduction in history but will throw the economy back into a recession. unemployment will go from 7.9% currently to over 9%. i don't think that's going to happen. i do think we'll go over the cliff, not have a deal before it happens. i think it will be fixed shortly after this -- after they storm the castle with pitch forks and torches but this is potentially the worst fiscal policy since the end of the great depression when we went into an austerity program too early and threw the economy back into a recession back in the '30s. so this is serious stuff. but notice everything we just talked about the meetings each one is having. notice who's not having a meeting. the president is not having a meeting with john boehner. the congressional leaders aren't coming to the white house. there will be no direct negotiations this week. there's not -- if there is going to be a deal here, it won't be done until the middle to the end of december. all of this so far is just kabuki theat
class. "we need to make the investments that will help the economy grow for years into the future. although that is achievable. with a little give, we can get it done. >> with new say a deal is best achieved by the end of the year, does that rule out the president agreeing to kicking it over into next year? i was asked if he supports the it -- what did you call them? the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said repeatedly "we" have expressed concerns? >> i would refer to the state department. >> were you for warrant that mr. mursi was going to do this? -- were you forewarned mr. morsi was going to do this? >> these are separate issues. we have raised our concern
with israel. he knows the importance of now building up the economy and society of egypt not having conflict on his borders, so i think we should give him the space and time to accomplish those things. >> mr. david winnig. >> i'm goingo try to justify rocket firing into israel, but does the foreign secretary also recognize that the way in which airstrikes, israeli airstrikes are caused so much civilian casualties in gaza that in some respects the killing of children, the burning to death of children mu be considered a war crime? and as far as the overall position is concerned, mr. speaker, isn't the truth of the matter that since the fate of israel was created in 1948, the israeli authorities -- even more so sincehe 1967 war -- have refused to recogni the legitimacy of the palestinian people for statehood, for a proper life in and that is really the real issue facing the international community at the moment. >> well, there have been failings on all sides, and i don't want to agree with everything the honorable gentleman just said. he's heard me at dispatch box before criticize the israeli a
building the economy again. -- no matter what the grover norquist or lindsey graham or any of them say, every republican in the house should vote to raise taxes on the rich. the average republican is not making $250,000 a year. they're just saying they should not raise taxes because they are republicans. host: are you a republican? caller: i am, but i voted for obama. host: what would it take for you to vote for republican? in terms of the fiscal cliff, sequestration, big budget cuts, what do you want to see them do? caller: if the republicans could find a candidate that would do what ronald reagan dipped, they would gladly get my vote back. as long as they have people like john mccain, sarah palin, and mitt romney, they are just playing. host: here's a story in the new --k times . david is up next, new york, good morning. caller: good morning. how are ya? i'm a republican and i don't believe that the 1% or a portion of the country should be taxed. it can be mathematically proven. a president handed in m speech to be scored. he never came up with a plan how this money would be redistr
and the health of the u.s. economy. >> and all that trouble in washington started last year with the debt ceiling. remember that fight? the u.s. getting very close to hitting the debt ceiling again. what's the debt ceiling? the u.s. spends between $100 to $120 billion more than it takes in every month, so it has to boor remoney to pay its bills. it will take an act of congress to legally borrow more and rack up more debt. the debt ceiling is set at $16 trillion, 394 billion. last week it stood at $16,268,000,000,000. it could hit a high by february of next year. and now home prices, the recovery in much of the country, new home sales numbers today, we learned yesterday that home prices were up nationwide by 3.6% in the third quarter. that's the biggest rise nationwide in more than two years. but look, all real estate is local. we want to show you the cities with the strongest gains in the past year. home prices in phoenix gained more than 20%. minneapolis home prices rose 9%. there are only two big cities with homes losing value. new york and chicago. they slipped a little bit year over year. wha
for the overall economy, but the impact on women and children and some of our most vulnerable would be devastating, and that's why your particular focus today in special order is so important. the united states currently ranks about 50th in the world in infant mortality. and morocco, 1.8 infants under one year of age, they die for every 1,000 live births each year. in japan the number is 2.2. in the united states, to our shame, the number is six. from new zealand to all other advanced countries around the world, they do much better than the united states in this most fundamental measure of health and well-being. and the people who are most affected by this failure are not those who have been irresponsible, they are not slackers, they are not lazy, they are babies. they are babies. mostly babies who have been born into poverty. this is a metric that we should feel morally bound to improve by leaps and bounds. but instead we are about to make it worse for these babies. if we don't act, and if we don't act swiftly to prevent sequestration. if this congress does not act to prevent this country from pl
. >>> and concerns of a lack luster economy sure aren't evident this weekend. shoppers screaming and turning out in big numbers to the stores on black friday, leading many analysts to believe post thanksgiving sales will surpass last year's numbers after all. perhaps. online sales are also up a whopping 21% on black friday. then there's power ball fever. and it's spreading across the country. the lottery jackpot is now $325 million. that's the fourth largest jackpot in the game's history. so if you're feeling optimistic, you have until 10:00 p.m. eastern tonight to buy that $2 ticket. >>> and overseas now to egypt, where opposition to president mohamed morsi is growing. for a third straight day, protesters hit the streets demanding he rescind a decree that gives him unlimited power. we get more now from cairo. >> reporter: outrage, clashes, and anguish in tahrir. thousands of angry egyptians back in a public square that has become the arab world's emblem for the democratic right to protest. this was where egyptians demanded the ouster of former president hosni mubarak last year. this time, the f
with. challenging events like hurricane sandy and the tough economy are among the prime reasons. >> for me personally, it was when things looked down, i look up. i think in my experience here, we see a lot of that, where people hit a low and need somewhere to turn and look and they look up and look for god or some kind of faith. >> what is really interesting about rebirths is they appear to be genuinely returning for spiritualty not just support. it's more about reconnecting with their original belief system, shannon. >> they may begin to come back for no, nostalgic reasons. there are individuals who say the like the way religion was done in my church. there's a feeling of try to reconnect with family and earlier tradition. >> there's a push by churches and synagogues and mosques to bring worshippers back. we would like to hear from fox viewers. hit us up on facebook or twitter and we'll read your stories later. a couple of examples, catholic churches are adding programs. a program called next door, door is hebrew for generation. no stats on how many rebirths say on but for pers
that 15% to 20% of all goods in china are counterfeit. >> and these days, the way china's economy is booming, 15% to 20% means tens of billions of dollars. evidence of the counterfeiting trade can be seen at this hong kong warehouse where counterfeit watches, shoes, computer chips, all copied in china, and seized in hong kong, are tossed onto a conveyor belt, and consigned to the dust bin of history. but it's like stopping the rain, the seizure may look impressive, but every day, 6,000 shipping containers leave hong kong's harbor for the u.s. packed with products made in china, and only a small fraction of those containers are ever inspected. >> this is the most profitable criminal venture, as far as i know, on earth. >> counterfeiting. >> counterfeiting. and your partners don't kill you. >> attorney harley lewin has been chasing counterfeiters from china for more than twenty years. and china's now the undisputed capital of the counterfeit. >> 80% or more worldwide. >> can you give me an example of any american or european product that's manufactured here without being counterfeit
of the modern economy? >> it is available. we can do better with it. they are facts like completion rates for the gi bill education are not as high as they ought to be. we can structure some of those programs better so that individuals who start school have the support mechanisms to finish an associate's degree or bachelor's degree if that is their goal. we can do better at that. there are well-intentioned programs that are not quite efficient or effective to this point as i hope there will be in the future. >> the university of iowa offers in-state tuition for returning veterans. i said to the president -- what is the impact on the campus? she said -- beyond my ability to describe it -- we have 200 of them here. they lifted the entire campus. as someone who went to the university of iowa -- i could have used that kind of mentoring and leadership at one point. we do not have to go do that again. paul, we talked about that. [laughter] that is value added when these young men and women come back and enter an academic or training program of some kind. >> i could not agree more. at my alma ma
americans went shopping online or in stores totaling $59 billion in sales. the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press aft
and increase revenue without raising the top marginal rate. that most economists say would hurt the economy if we were to do it. >> the republicans are being confronted in the fiscal cliff negotiations about the no new taxes pledge, which of them signed. now lawmakers are pushing back. >> # $16 trillion in debt the only pledge we should make to each other is to avoid becoming brief. republicans should put revenue on the table. he agrees with grover norquist that the tax rates shouldn't be increased and says norquist is wrong capping deductions to buy down the debt. >> graham has been saying raising taxes to give politicians more money to continue spending doesn't solve any problem at all. it's not a piece of solving the problem. >> allowing tax cuts to expire generate average of $82.4 billion a year and would run the government for 8.5 days. the reality is similar to what romney laid out in the campaign. my plan is bring down rates and deductions at the same time so revenue stays in. we bring down rates to get people working. >> they are meeting with ceos, caterpillar and goldman sachs and
. neural the ship and its impact on the u. s economy. friday morning, a discussion on the potential impact of fiscal cliff budget cuts on the federal work force. the future of the postal service, which has lost $16 billion in 2012. and a look at some point -- consumer confidence with danielle douglas. >> you've career officers change this army because it becomes a volunteer army. go find them in the villages and towns of america. we did that, and over five or six years we created a splendid force of young men and women who are willing to serve their country as volunteers, and they have the same tradition, culture, loyalty and dedication as any other generation of americans that have ever gone before. they proved themselves in the gulf war, the panama invasion, in the last 10 years in iraq and afghanistan. but the thing we have to keep in mind is something that president lincoln said in his second inaugural address -- care for those who have borne the battle, to care. that means never forget they are carrying the american spirit, the american traditions with them, and when they get injured,
for the demands of the -- training that they need for the modern economy? >> it is available. we can do better. we can structure some of those programs better so that individuals who stars school have the support mechanisms to finish an associate's degree or bachelor's degree if that is their goal. we can do better at that. there are well intentioned programs that are not quite efficient or effective as i hope there will be in the future. >> at the wharton school of business and the university of iowa -- it offers in-state tuition for returning veterans. what is the impact on the present -- campus? the president said we have 200 of them. they have lifted the entire campus. as someone who went through the university of iowa -- i could have used that kind of mentoring and leadership. we do not have to go do that again. [laughter] that is value added when these young men and women come back and into an academic or training program of some kind. >> i could not agree more. at the city college of new york, we had a specific program at the powell center that i am happy to have named after me. we take in
with morsi. >> the economic stick is key. he is governing egypt and he has to worry about the economy tanking. i wouldn't rule out a deal between the military and muslim brotherhood. may seem like they are opposites but they may find a way of living together that excludes the pro democracy fashiction wh is the smallest operating in egypt now. the military and brotherhood may have different objectives. that would be the worst outcome of all. >> why would that be? >> because it would give the brotherhood political dominance inside egypt. i think that would call into question the camp david accord with israel, a peace treaty we have relied on from middle eastern stability for the past 30 years. it would put more see in a position as head of the brotherhood to aid hamas and other radical groups through out the arab world. that would be for u.s. pro western abe rap regimes and israel as well. >> president obama was issuing glowing reviews of mr. moresy. talked to him over 6 times. here is a quote before the power grab. mr. obama told aids he was impressed with the pragmatic confidence. tested engi
economies in the world. the u.s. and china share a lot of interests and most importantly people in both countries share an interest in for example dealing with climate change. something that neither government is not the chinese are u.s. government are prepared to move strongly enough to change. when we talk about pivoting in the context of sending the troops, that doesn't help when we are trying to do with what should we be doing about climate change. i think what we really need is a pivot away from the military being the centerpiece of our diplomatic shift and a shift towards engagement with people at an entirely different level. >> host: a recent study by the brand company in the project for the air force talked about u.s. overseas military presence and the strategic choices that the government has to make. one of the comments in that report says, the u.s. has to decide whether china and the united states should rely primarily on u.s. space forces to respond to global crises and conflicts keeping only a small group of presence to reassure allies and partners. such a choice would be b
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